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Nelnet (NNI) Cost of Revenue: 2017-2025

Historic Cost of Revenue for Nelnet (NNI) over the last 9 years, with Sep 2025 value amounting to $60.0 million.

  • Nelnet's Cost of Revenue fell 17.01% to $60.0 million in Q3 2025 from the same period last year, while for Sep 2025 it was $241.9 million, marking a year-over-year decrease of 1.79%. This contributed to the annual value of $252.3 million for FY2024, which is 14.82% up from last year.
  • According to the latest figures from Q3 2025, Nelnet's Cost of Revenue is $60.0 million, which was up 7.63% from $55.7 million recorded in Q2 2025.
  • Nelnet's 5-year Cost of Revenue high stood at $72.3 million for Q3 2024, and its period low was $21.7 million during Q2 2021.
  • Its 3-year average for Cost of Revenue is $58.7 million, with a median of $57.5 million in 2025.
  • As far as peak fluctuations go, Nelnet's Cost of Revenue soared by 86.50% in 2022, and later decreased by 17.01% in 2025.
  • Quarterly analysis of 5 years shows Nelnet's Cost of Revenue stood at $28.6 million in 2021, then soared by 86.50% to $53.3 million in 2022, then climbed by 17.66% to $62.8 million in 2023, then grew by 9.50% to $68.7 million in 2024, then dropped by 17.01% to $60.0 million in 2025.
  • Its last three reported values are $60.0 million in Q3 2025, $55.7 million for Q2 2025, and $57.5 million during Q1 2025.